Pine Cliff Energy Ltd. (TSXV:PNE) is pleased to announce that they are the sole shareholder of Skope Energy.

As quoted in the press release:

Skope’s assets include an 80% working interest in a package of high quality, long-term, low decline producing shallow gas assets located in southeast Alberta and southwest Saskatchewan. These assets are currently producing approximately 3,500 barrels of oil equivalent per day, weighted 100% towards natural gas. McDaniel & Associates Consultants Ltd. is currently preparing its independent reserve estimates for the Skope assets as at December 31, 2012, which will be released by Pine Cliff in due course.

Shipping Stocks, SEA, relative to the Baltic Dry Index, $BDI, that is SEA:$BDI, is trading quite high; and is going to plummet, driving bulk shipping rates down further; there is coming a wipe out of shipping companies; these will be the first going into the Pit of Financial Abandon.

The reason why Shipping stocks are trading high relative to the Baltic Dry Index, $BDI, is because Credit Madness, has sustained the EURJPY Currency Carry Trade Investments, such as Luxottica, LUX, Shipping Stocks, SEA, such as KEX, TK, TOO, TGP, SFL, GLNG, GLOG, SBLK, CMRE, NM, DLNG, GLBS, CPLP, GASS, Eurozone Nations, such as Netherlands, EWN, and the European Financial Institutions, EUFN, such as Switzerland’s, UBS, as well as the Design Build Companies, FLM, such as Switzerland’s FWLT.

The EUR/JPY is about to unwind as investors derisk out of the Euro, FXE. which closed at 136.95 on Friday April 2, 2014; look for great deleveraging rewarding stock market short sellers

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